Open buy, week 7
American Water Works slips 0.6% as the ADX cools and conviction fades
Our view last week
After last week's bullish engulfing candle, American Water Works stock closes another week higher, +0.7%, though this time with mixed rejection candles and an indecisive phase. The stock stays squeezed between support and resistance, a step away from the pullback trigger level. This week's technical analysis confirms a still-fading buy signal, in its 6th week.
This week's summary
American Water Works closes the week slightly lower, -0.6%, with mixed rejection candles and sellers slightly prevalent in the last bar: the trend is losing conviction, with the ADX down for a third straight week. In the background, the Utilities sector weighs on the stock, down on the week and the month. The daily picture looks steadier, with a sequence of higher lows toward the 133 area. The trade, open for 7 weeks, is running a small loss and has already reached its first management window.
IQS Phase
44
ordinary
Signal Strength
33
medium · weak
Sizing
REDUCED
Ranking
#133 / 167
US stocks in progress
Trade P&L %
-1.07%
from signal to date, no stop loss
Rank position
ranks 133rd among the 167 Longs already running for US stocks in our ranking, with a signal strength of 33 out of 100.
Sector context
SectorUtilities
Benchmark ETFXLU
Sector regimeweak phase
Performanceweekly -3.48% · monthly -6.88%
AWK belongs to the utilities sector (reference ETF XLU). The sector is classified weak phase according to our weekly reading.
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